Several companies made headlines in after-hours trading, with Texas Instruments standing out as it saw a 2% increase. The semiconductor company reported third-quarter earnings of $1.47 per share on revenue of $4.15 billion, surpassing analysts’ expectations of $1.38 per share and $4.12 billion in revenue. Seagate Technology, a data storage company, saw a 3.6% dip after providing guidance for $2.3 billion in revenue for the fiscal second quarter, which was in line with the Street’s estimate of $2.29 billion. However, Seagate Technology exceeded analysts’ projections in the first quarter. Manhattan Associates, a supply chain software company, experienced a nearly 7% decline after forecasting full-year revenue slightly below analysts’ expectations. Enphase Energy, a solar energy tech company, tumbled 9% due to missing Wall Street’s estimates in the third quarter and issuing a weak fourth-quarter revenue outlook. Canadian National, a freight railway company, saw its shares rise by nearly 2% after reporting third-quarter adjusted earnings that matched analysts’ estimates, although revenue fell slightly short of expectations. Starbucks, the coffee chain, saw its shares drop by more than 3% as preliminary quarterly results indicated a decline in sales, leading the company to suspend its 2025 forecast. McDonald’s, the fast-food giant, experienced a 9% decrease after an E. coli outbreak linked to its Quarter Pounder burgers resulted in hospitalizations and one death, according to the U.S. Centers for Disease Control and Prevention. CoStar Group, a real estate analytics company, saw its shares decline by 5% after its fourth-quarter outlook fell short of analysts’ estimates, with earnings projected in the range of 21 to 23 cents per share compared to the expected 24 cents per share.
